Which of the following best describes the decision-making process in ORM?

The decision-making process in Operational Risk Management (ORM) is best described as systematic and structured. This approach ensures that all relevant factors are considered in a well-organized manner, facilitating informed decision-making.

ORM involves identifying potential hazards, assessing risks, and implementing controls to mitigate those risks in a structured sequence. This systematic methodology allows for a thorough investigation of all possible scenarios and outcomes, fostering a culture of safety and responsibility. By engaging in a structured process, teams can make decisions based on data and established protocols rather than relying on intuition or informal discussions.

The structured aspect of ORM enables the application of standard practices and tools, ensuring consistency in how risks are managed across different situations and environments. This ultimately leads to more reliable outcomes and enhances overall operational effectiveness.